Property Type: Detached HouseOwnership: Freehold

1605 King John Way

Nanaimo, BC V9T3C3

$699,900

2 bed2 bath4 parking1,176 sqftBuilt 1984
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Property Details

Property & Lot

Sub-type
House
Lot size
11,700 square feet
Zoning
Residential

R5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,664

Interior

Heating
Heat Pump, Baseboard heaters, Electric
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
KitchenMain level8'8 x 16'0
BathroomMain level3-Piece
Primary BedroomMain level9'2 x 17'5
EnsuiteMain level4-Piece
BedroomMain level9'2 x 10'3
Living roomMain level15'4 x 17'1
Dining roomMain level10'0 x 10'4
EntranceMain level5'0 x 10'0

Listing Information

MLS®
1044061
Listed
August 18, 2026
Time on market
On the market for 13 days
Data last synced
August 28, 2026

Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.

Description

Iconic Westcoast design with dramatic vaulted tongue-in-groove wood ceilings, picture windows for optimal natural light, classy wood floors, all set in an open plan. The open plan has a peninsula kitchen with lots of counter space, chimney hood fan, recessed lighting, pantry, and easy access stacking laundry. The dining and living rooms drink up the natural light with floor to ceiling windows, tasteful decor, propane stove for winter warmth, and a ductless heat pump for summer comfort. French doors open onto the 32'x12' deck with its beautiful mountain views. With 1176sf, 2 bedrooms including a large primary with classy ensuite (tub, separate shower with tiled surround), and a 3 piece main bathroom. Updates include reglazed windows, front stairs, hot water tank ('26), and fireplace in '21. Lots of storage in the garage and crawl space. Low maintenance yard all nestled on a no-through road in the heart of Departure Bay, only a 13 minutes stroll to the beach and Drip Coffee Social. All measurements are approximate and should be verified if important. (id:63159)

Values & Trends

This listing

$595/sqft

Building average

No other active listings in this building

Departure Bay average

$473/sqft

37 active listing(s)

Parking: 4 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Partly Cloudy

15°C

Partly Cloudy

Humidity 85%

Wind N 2 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

99,863

(2021 Census)

+10.3% since 2016

Density: 1,104.1/km²

Dwellings: 45,138

Median household income: $75,500

After-tax: $68,500

Immigrant population: 16.1%

Top countries of origin (% of total population)

  • United Kingdom3.5% · 3,495
  • China1.3% · 1,285
  • United States of America1.2% · 1,155
  • India1.1% · 1,075
  • Philippines1% · 1,040
  • Germany0.6% · 635
  • Korea, South0.5% · 470
  • Viet Nam0.5% · 455

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

2/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Departure Bay ElementaryElementary356 m
Rock City ElementaryElementary1.2 km
Wellington SecondarySecondary1.7 km
Cilaire ElementaryElementary2.0 km
Forest Park ElementaryElementary2.4 km
Hammond Bay ElementaryElementary2.5 km
OceaneElementary2.6 km
Uplands Park ElementaryElementary2.6 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Cafes (2)

  • Drip Coffee Social · 2835 Departure Bay Road707 m
  • Felice Cafe · 1420 Wingrove Street760 m

Parks (5+)

  • Departure Ravine Park · 3321 Departure Bay Road273 m
  • Woodstream Park387 m
  • Park Gully Park · 2930 Haliday Crescent426 m
  • Sugarloaf Mountain Park · 3160 Marion Way451 m
  • Jesters Way Park · 1392 Jesters Way473 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,920.00
Periodic payment — Principal & Interest (monthly)$3,612.41
Additional monthly expenses (strata, tax, utilities, etc.)$447.67
Total monthly cost$4,060.08
Interest paid over 5-yr term$160,474.68
Balance at end of term$503,649.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,036.03

Cash Needed at Closing

Minimum down payment$44,990
Estimated BC PTT$11,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,488

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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